Question 1

Which of the following is true about reverse logistics?

Accepted Answer

A)  Reverse logistics management is highly specialized. 
B)  Retrieval of items in reverse logistics is restricted to short-term consumer goods. 
C)  Reverse logistics refers to the shifting of traditional corporate activities to parties outside of the country. 
D)  Traditionally, businesses have focused on reverse logistics. 
A)  Reverse logistics management is highly specialized. 
B)  Retrieval of items in reverse logistics is restricted to short-term consumer goods. 
C)  Reverse logistics refers to the shifting of traditional corporate activities to parties outside of the country. 
D)  Traditionally, businesses have focused on reverse logistics.

Question 2

The _____ phase in logistics involves the movement of the firm's finished product to its customers.

Accepted Answer

A)  materials management 
B)  quality assurance 
C)  physical distribution 
D)  production management 
A)  materials management 
B)  quality assurance 
C)  physical distribution 
D)  production management

Question 3

Which of the following logistics concepts is based on the notion that materials-flow activities within and outside of the firm are so extensive and complex that they can be considered only in the context of their interaction?

Accepted Answer

A)  Aggregation concept 
B)  Operating concept 
C)  Inert concept 
D)  Systems concept 
A)  Aggregation concept 
B)  Operating concept 
C)  Inert concept 
D)  Systems concept

Question 4

Which of the following encompasses the planning and management of all activities involved in sourcing and procurement,conversion,and logistics?

Accepted Answer

A)  Supply chain management 
B)  Scientific management 
C)  Six Sigma 
D)  Lean manufacturing 
A)  Supply chain management 
B)  Scientific management 
C)  Six Sigma 
D)  Lean manufacturing

Question 5

Which of the following statements is true of the factors that determine channel design?

Accepted Answer

A)  The stronger the marketer's finances, the more able the firm is to establish channels it either owns or controls. 
B)  The number of areas to be covered is independent of the time elapsed since the product's introduction to the market. 
C)  The longer the channel, the more easier it is for the marketer to have a final say over pricing, promotion, and so on. 
D)  The looser the relationship is between the marketer and the intermediaries, the more control can be exerted. 
A)  The stronger the marketer's finances, the more able the firm is to establish channels it either owns or controls. 
B)  The number of areas to be covered is independent of the time elapsed since the product's introduction to the market. 
C)  The longer the channel, the more easier it is for the marketer to have a final say over pricing, promotion, and so on. 
D)  The looser the relationship is between the marketer and the intermediaries, the more control can be exerted.

Question 6

According to an ABC analysis,products for which immediate delivery is not urgent are classified as "C" products.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is an import document required during an international shipment?

Accepted Answer

A)  Bill of lading 
B)  Collateral assurance 
C)  Promissory note 
D)  Letter of credit 
A)  Bill of lading 
B)  Collateral assurance 
C)  Promissory note 
D)  Letter of credit

Question 8

What is the goal of logistics management?

Accepted Answer

A)  To ensure that marketing effort is sponsored by an organization that solicits responses from individuals who share common interests and activities. 
B)  To effectively coordinate the materials management and physical distribution phases and their various components to result in maximum cost-effectiveness while maintaining service goals and requirements. 
C)  To aim for high growth and profits by creating new demand in an uncontested market space rather than by competing head-to-head with other suppliers for known customers in an existing industry. 
D)  To gather volunteers to try products and then rely on them to talk about their experiences with friends and colleagues. 
A)  To ensure that marketing effort is sponsored by an organization that solicits responses from individuals who share common interests and activities. 
B)  To effectively coordinate the materials management and physical distribution phases and their various components to result in maximum cost-effectiveness while maintaining service goals and requirements. 
C)  To aim for high growth and profits by creating new demand in an uncontested market space rather than by competing head-to-head with other suppliers for known customers in an existing industry. 
D)  To gather volunteers to try products and then rely on them to talk about their experiences with friends and colleagues.

Question 9

Currency variation in international logistics forces corporations to adjust planning to incorporate changes in exchange rates.

Accepted Answer

A) True 
 B)False

Question 10

_____ is the design and management of a system that controls the flow of materials into,through,and out of the international corporation.

Accepted Answer

A)  M-commerce 
B)  Statistical process control 
C)  Autonomic networking 
D)  International logistics 
A)  M-commerce 
B)  Statistical process control 
C)  Autonomic networking 
D)  International logistics

Question 11

The term "_____" refers to the length and width of the channel employed.

Accepted Answer

A)  channel bandwidth 
B)  channel capacity 
C)  channel freight 
D)  channel design 
A)  channel bandwidth 
B)  channel capacity 
C)  channel freight 
D)  channel design

Question 12

Which of the following systems is instrumental in ensuring that a firm not only delivers the product to the market,but also can retrieve it from the market for subsequent use,recycling,or disposal?

Accepted Answer

A)  Continuous review systems 
B)  Perpetual inventory systems 
C)  Periodic inventory systems 
D)  Reverse distribution systems 
A)  Continuous review systems 
B)  Perpetual inventory systems 
C)  Periodic inventory systems 
D)  Reverse distribution systems

Question 13

Firms using just-in-time inventory policies will choose suppliers on the basis of their delivery and inventory performance.

Accepted Answer

A) True 
 B)False

Question 14

_____ refers to the shifting of traditional corporate activities to parties outside of the firm and often outside of the country.

Accepted Answer

A)  Expediting 
B)  Outsourcing 
C)  Warehousing 
D)  Onshoring 
A)  Expediting 
B)  Outsourcing 
C)  Warehousing 
D)  Onshoring

Question 15

The _____ concept recognizes the linkages within logistics systems that result from the interaction of their components.

Accepted Answer

A)  trade-off 
B)  total cost 
C)  systems 
D)  operating 
A)  trade-off 
B)  total cost 
C)  systems 
D)  operating

Question 16

International firms experience ongoing increases in their logistics cost.

Accepted Answer

A) True 
 B)False

Question 17

Parallel importation refers to illegally manufactured items that are smuggled into a market.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is the most important document to the shipper,the carrier,and the buyer?

Accepted Answer

A)  Promissory note 
B)  Surety bond 
C)  Bill of lading 
D)  Letter of intent 
A)  Promissory note 
B)  Surety bond 
C)  Bill of lading 
D)  Letter of intent

Question 19

Which of the following best describes order cycle time?

Accepted Answer

A)  The total lifespan of a product ranging from production to consumption 
B)  The total time that passes between the placement of an order and the receipt of the merchandise 
C)  The total time spent in transit by an ordered product 
D)  The period between departure and arrival of the carrier 
A)  The total lifespan of a product ranging from production to consumption 
B)  The total time that passes between the placement of an order and the receipt of the merchandise 
C)  The total time spent in transit by an ordered product 
D)  The period between departure and arrival of the carrier

Question 20

Which of the following is NOT one of the guideposts that the experienced manager uses for logistics decisions?

Accepted Answer

A)  Development of heuristics 
B)  Industry comparison 
C)  Intimate knowledge of trends 
D)  Demographics of the population 
A)  Development of heuristics 
B)  Industry comparison 
C)  Intimate knowledge of trends 
D)  Demographics of the population

Which of the following is true about reverse logistics?

The _____ phase in logistics involves the movement of the firm's finished product to its customers.

Which of the following logistics concepts is based on the notion that materials-flow activities within and outside of the firm are so extensive and complex that they can be considered only in the context of their interaction?

Which of the following encompasses the planning and management of all activities involved in sourcing and procurement,conversion,and logistics?

Which of the following statements is true of the factors that determine channel design?

According to an ABC analysis,products for which immediate delivery is not urgent are classified as "C" products.

Which of the following is an import document required during an international shipment?

What is the goal of logistics management?

Currency variation in international logistics forces corporations to adjust planning to incorporate changes in exchange rates.

_____ is the design and management of a system that controls the flow of materials into,through,and out of the international corporation.

The term "_____" refers to the length and width of the channel employed.

Which of the following systems is instrumental in ensuring that a firm not only delivers the product to the market,but also can retrieve it from the market for subsequent use,recycling,or disposal?

Firms using just-in-time inventory policies will choose suppliers on the basis of their delivery and inventory performance.

_____ refers to the shifting of traditional corporate activities to parties outside of the firm and often outside of the country.

The _____ concept recognizes the linkages within logistics systems that result from the interaction of their components.

International firms experience ongoing increases in their logistics cost.

Parallel importation refers to illegally manufactured items that are smuggled into a market.

Which of the following is the most important document to the shipper,the carrier,and the buyer?

Which of the following best describes order cycle time?

Which of the following is NOT one of the guideposts that the experienced manager uses for logistics decisions?

Global Environmental Drivers

International Trade Frameworks and Policy

The Role of Culture

The Economic Environment

The Political and Legal Environment

Consumer,Industrial,and Government Markets

Strategic Planning

Analyzing People and Markets

Market Entry and Expansion

Marketing Organization,Implementation,and Control

Product Management and Global Brands

Global Marketing of Services

Advertising,Promotion,and Sales

Pricing Strategies and Tactics

Social Networks and Communication

Leadership,Corporate Social Responsibility,and Sustainability

New Directions and Challenges

Filters

Exam 15: Global Distribution and Logistics

Which of the following is true about reverse logistics?

The _____ phase in logistics involves the movement of the firm's finished product to its customers.

Which of the following logistics concepts is based on the notion that materials-flow activities within and outside of the firm are so extensive and complex that they can be considered only in the context of their interaction?

Which of the following encompasses the planning and management of all activities involved in sourcing and procurement,conversion,and logistics?

Which of the following statements is true of the factors that determine channel design?

According to an ABC analysis,products for which immediate delivery is not urgent are classified as "C" products.

Which of the following is an import document required during an international shipment?

What is the goal of logistics management?

Currency variation in international logistics forces corporations to adjust planning to incorporate changes in exchange rates.

_____ is the design and management of a system that controls the flow of materials into,through,and out of the international corporation.

The term "_____" refers to the length and width of the channel employed.

Which of the following systems is instrumental in ensuring that a firm not only delivers the product to the market,but also can retrieve it from the market for subsequent use,recycling,or disposal?

Firms using just-in-time inventory policies will choose suppliers on the basis of their delivery and inventory performance.

_____ refers to the shifting of traditional corporate activities to parties outside of the firm and often outside of the country.

The _____ concept recognizes the linkages within logistics systems that result from the interaction of their components.

International firms experience ongoing increases in their logistics cost.

Parallel importation refers to illegally manufactured items that are smuggled into a market.

Which of the following is the most important document to the shipper,the carrier,and the buyer?

Which of the following best describes order cycle time?

Which of the following is NOT one of the guideposts that the experienced manager uses for logistics decisions?

Global Environmental Drivers

International Trade Frameworks and Policy

The Role of Culture

The Economic Environment

The Political and Legal Environment

Consumer,Industrial,and Government Markets

Strategic Planning

Analyzing People and Markets

Market Entry and Expansion

Marketing Organization,Implementation,and Control

Product Management and Global Brands

Global Marketing of Services

Advertising,Promotion,and Sales

Pricing Strategies and Tactics

Social Networks and Communication

Leadership,Corporate Social Responsibility,and Sustainability

New Directions and Challenges

Filters